Course Information Undergraduate prospectus

Economy, Business and Society

Course summary

Course code: ECON1159
Level: 0
Credits: 30
School: Business Faculty
Department: International Bus and Economics
Course Coordinator(s): Adotey Bing-Pappoe



To introduce students to core ideas linking the domains of economics, politics and ideas. The course will examine present and past instances of economy, business and society through the prisms of: equity, efficiency, accountability and sustainability. This approach will serve as an introduction to the ideas which will be deployed at level 4 in the introduction to economics for business. To achieve this the course will.

Learning outcomes

On successful completion of this course a student will be able to:
1 Understand how economy, business and society interact, the forces that act to change the business world (population growth, technology, empires, the nation state, ideologies, and the role of individuals.
2 Evaluate and assess business and economic performance; understand the main spheres of production, exchange, consumption, investment and growth; the different economics-business-society models currently in use and going forward.
3 Understand the development of economics, business and society from an historical a perspective.

Indicative content

Part 1-Understanding the Past
1. Social revolutions in history
2. Technological revolutions in history
3. The industrial revolution
4. The emergence of capitalism

Part 2 – Contours of the Present
5. The Corporate revolution
6. Private, State and Cooperative firms
7. Markets and economic order
8. Business in Politics
9. Discrimination in the workplace
10. Regulating business
11. Multinational corporations
12. Economics, capitalism and Business: the orthodox approach.
13. Economics, capitalism and Business: the heterodox approach.

Part 3 – Current Challenges and Future Possibilities
14. Globalisation
15. Global governance
16. Ethics and business
17. Industrial pollution and environmental policy
18. The Digital Information Revolution: artificial intelligence, big data, and the internet of things.
19. The changing workplace
20. The zero-marginal cost society, and the social economy
21. Rethinking ownership: the market Vs the commons

Teaching and learning activity

Lectures/extended discussions: exploration of ideas, concepts and explanations.
Seminars: case studies using enquiry based learning.


Exam - 50%
LO - 1, 2, & 3
Pass mark - 40
2 hours.

Book Review - 20%
LO - 2
Pass mark - 40%
1,000 words.

Essay - 30%
LO - 2, & 3
Pass mark - 40%
1,500 words.

Nature of FORMATIVE assessment supporting student learning:
One individual presentation per student on a topical issue based on an article in a national business newspaper or journal.